Allied Minds
Is this an opportunity to take a position ahead of the results?
Allied Minds reports results on Friday (28th Sept)
- The chart shows the price movement last time Allied Minds reported (23 May).
- The shares opened 1.8p higher (+1.6%) and closing 0.6p up (+0.5%), for a full day range of 3.2p (2.8%)
- Company reported good progress to reach FY targets and positive discussion with strategic investors.
- Shares +13.3% from 2018 lows, -54.4% from 2018 highs, -54.82% year-to-date.
- Recent share price range: September lows 68.15p; September highs 81.10p. Currently 74.25p (at time of writing).
- Allied Minds will issue a half-year results on Friday (28 Sept). Will we see another big move?
Trading Allied Minds – An Example
Let’s say you think that Allied Minds results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Allied Minds using CFDs, at the current price of 74.25p. To do this, you need £2,000.
For the purpose of this example, let’s assume Allied Minds reports strong results and the shares rise 5%. Your profit would be £500, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss 3% below the current price. Allied Minds results miss, it falls 3% and hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.